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Ah, but drug dealers and prostitutes don't necessarily make good money! Stephen Levitt (Freakonomics) has some papers on this subject: http://www.streetgangs.c
by bhickey 16y ago
Ah, but drug dealers and prostitutes don't necessarily make good money! Stephen Levitt (Freakonomics) has some papers on this subject:
http://www.streetgangs.com/academic/gangfinance.pdf http://www.streetgangs.com/academic/gangfinance.pdf
http://economics.uchicago.edu/pdf/Prostitution%205.pdf http://economics.uchicago.edu/pdf/Prostitution%205.pdf
- araneae 16y agoThat's not news. Like I pointed out, supply AND demand are important. If you are 50 year-old cracked out prostitute with missing teeth, you're not in high demand. They lower the average income quite a bit. And yeah, illegality and danger does limit the supply, but unfortunately not as much as it should. That's because these illegal jobs aren't competing with careers in computer science; they're competing with jobs at McD's. All they have to do is outpay that and the risk of getting caught, which is sadly not much.